White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’

The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening.
“We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill.
“That’s historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, reign in government overreach. There are no new taxes, no new government programs. There’s a lot more within the bill. We still have more work to do tonight to finish all the writing of it,” he said….}